1358 ET - As BRP steadily mitigates tariff headwinds, National Bank of Canada says there were plenty of positives in its 2Q performance. Analyst Cameron Doerksen notes that the leisure-craft maker updated its guidance and now expects higher revenue and normalized Ebitda. "Although much of the guidance increase results from the stronger than anticipated Q2 results, it does imply a better H2 performance than our prior expectations," he says in a note. And while tariffs will still weigh on the company's performance, Doerksen says "we are more positive on management's ability to continue to work down the tariff cost impact and see risk more balanced to the upside." National Bank raises BRP to outperform from sector perform, and lifts the price target to C$112 from C$98.